Brookfield, IL


Highest Appreciating Brookfield Neighborhoods Since 2000

Brookfield, IL Real Estate Data

Brookfield Housing Market Information

With a population of 18,944, 7,006 total housing units (homes and apartments), and a median house value of $265,135, Brookfield real estate is some of the most expensive in Illinois, although Brookfield home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Brookfield, accounting for 65.51% of the village's housing units. Other types of housing that are prevalent in Brookfield include duplexes, homes converted to apartments or other small apartment buildings ( 19.04%), large apartment complexes or high rise apartments ( 9.91%), and a few row houses and other attached homes ( 5.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brookfield. Owner-occupied housing accounts for 73.40% of Brookfield's homes, and 52.20% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Brookfield's housing was primarily built during this period, from the '40s through the '60s. A full 44.10% of the village's housing hails from this era. Other housing ages represented in Brookfield include homes built before 1939 ( 34.40%) and housing constructed between 1970-1999 ( 18.76%). There's also some housing in Brookfield built between 2000 and later ( 2.73%).

Brookfield Home Appreciation Rates

Brookfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brookfield during the period has been just -1.74%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Brookfield's appreciation rate, at 4.65%, has been at or slightly above the national average. In the latest quarter, Brookfield's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Brookfield's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Brookfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brookfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Brookfield real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Brookfield, IL HOME PRICES

Value Range
> $1,120,000 0.2
$840,001 - $1,120,000 0.0
$560,001 - $840,000 0.3
$448,001 - $560,000 2.8
$336,001 - $448,000 15.7
$224,001 - $336,000 48.1
$112,001 - $224,000 27.7
$56,001 - $112,000 2.5
$0 - $56,000 2.6

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
20.9697253615975 14.4303797468354

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,194 / per month

Homeownership Rate

Owners 73.40
Renters 26.60
Vacant 6.17

Housing Market Details


Age of Homes

AGE OF Brookfield HOMES
2000 or Newer 2.7
1970 - 1999 18.8
1940 - 1969 44.1
1939 or Older 34.4

Types of Homes

TYPE OF Brookfield HOMES
Single-Family 65.5
Townhomes 5.5
Small Apt. Buildings 19.0
Apt. Complexes 9.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Brookfield HOMES
No Bedroom 0.79
1 Bedroom 8.88
2 Bedrooms 34.89
3 Bedrooms 40.40
4 Bedrooms 11.80
5 or more bedrooms 3.24

Brookfield Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.32% 1.71% 7 4
* 10 is highest